Development Watch: BFC and Avalon Straddle Myrtle
A reader sent in a photo from this weekend of the Avalon Bay BFC project on the triangular plot of land bounded by Myrtle, Gold and Prince Streets. While this was originally reported to be a 42-story residential tower, the permit on file only calls for 37 stories. Perhaps the developer is still trying to…
A reader sent in a photo from this weekend of the Avalon Bay BFC project on the triangular plot of land bounded by Myrtle, Gold and Prince Streets. While this was originally reported to be a 42-story residential tower, the permit on file only calls for 37 stories. Perhaps the developer is still trying to round up some additional FAR. The same tipster reminds us that the Virginia-based Avalon Bay owns the row of of three-story buildings (photo on the jump) on the other side of Myrtle Avenue. The developer had its demolition permits ok’d on August 10, so the wrecking ball should be showing up any day. There are no new building plans filed yet for the site on the north side of the street yet—anyone know what’s in store?
Avalon Coming to Myrtle, Sans Whole Foods [Brownstoner] GMAP P*Shark DOB
The number of stories is misleading. All of these projects are going to be 400-feet tall, the height limit in the area. BFC is doing both on- and off-site affordable housing, so I am sure it max’d out to the height limit. Next door, Red Apple is doing on-site affordable housing and Oro II bought 75,000 square feet of development rights from the city so it could get to 400 feet. Whatever FAR Avalon Bay doesn’t have from the assemblage itself has probably already been purchased from the “clocktower building.”
Oro is looking nice!
lets remember that Avalon only does rentals…so no panicy postings when this one “switches to rentals”!!
don’t forget the Perkins Eastman 41 story building permit app that has been filed on one of the lots north of myrtle … i think that this is the building that avalon will be building. may look a lot like the unrmarkable 41 story 600+ unit jammie that recently started leasing in LIC.